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Archive for the ‘Economics’ Category

April 16th, 2021 - 7:01 pm § in America, Economics, Politics

Eyman ordered to pay state millions

Initiative promoter Tim Eyman (photo left, bio here), who is well known to Washington voters, has been ordered to pay the state $2.9 million “for costs and fees related to the campaign finance lawsuit brought against him by Attorney General Bob Ferguson … in addition to the $2.6 million[...]

April 8th, 2021 - 10:40 am § in Business, Economics, Environment, Misc.

Brace for a ketchup shortage

We’re still in a pandemic, and supply chain disruptions continue. Restaurants may reopen soon, but diners may be eating ketchup-less french fries. “After enduring a year of closures, employee safety fears and start-stop openings, many American restaurants are now facing a nationwide ket[...]

April 4th, 2021 - 1:18 pm § in America, Donald Trump, Economics, Humor, Misc., News Media, Politics, Racism, Schools & Colleges

Bad, bad boomers!

“I’m not a fan of baby boomers,” begins this Vox article. “And no, it’s not really fair to paint an entire generation with the same brush, but I’m doing it anyway,” the writer — somebody I’ve never heard of — continues. “Hopefully, the boomers wi[...]

March 31st, 2021 - 5:16 pm § in Economics, Misc.

How to save coal towns

Not by bringing back coal jobs, as Trump tried to do (unsuccessfully). Even without climate change, coal would have disappeared from the energy mix, a victim of competition from cheap natural gas (and, now, cheap solar power). The decline of coal has been an economic disaster in West Virginia and pa[...]

March 29th, 2021 - 8:29 pm § in Economics, Misc.

Suez Canal reopens, but have ships gotten too big?

It’s no coincidence that the ship which blocked the Suez Canal for six days is longer than the canal is wide. Piled high with containers, it caught strong desert winds like a sail and jackstrawed into the bank. Stretching from bank to bank, and then some, it was firmly wedged in — and ha[...]

March 15th, 2021 - 10:44 pm § in Business, Economics, Politics

House passes pro-union bill

Last week, the U.S. House of Representatives passed “labor groups’ top legislative priority, a bill aimed at strengthening workers’ rights to unionize,” setting the stage for a Senate battle over labor rights. Labor unions arguably created America’s middle class by raising wage[...]

March 9th, 2021 - 10:00 pm § in Economics, Science

Kenya’s energy bonanza

Tectonic movement is tearing Africa apart, and along the fracture line (photo below), the earth’s molten rock comes close enough to the surface to create steam that can be captured by economically feasible wells. The steam can then be used to drive turbines that generate electricity. On the h[...]

March 2nd, 2021 - 6:48 pm § in Business, Economics, Politics

Biden signals support for unions

During the fall campaign, President Biden promised to be “the most pro-union president you’ve ever seen.” Those weren’t empty words. He immediately fired the National Labor Relations Board’s general counsel and deputy general counsel, both Trump appointees. On Sunday, February 28, [...]

March 2nd, 2021 - 1:41 pm § in Donald Trump, Economics, Environment, Foreign Affairs

China doesn’t have all the world’s “rare earths”

“Rare earth” elements are metals that figure prominently in “green energy” technologies because of their use in electronics and electric motors (some are highly magnetic). For technical details, read Wikipedia article here. “Rare earths” aren’t actually rare[...]

March 1st, 2021 - 7:35 pm § in Business, Economics, Politics

Why a wealth tax may be a bad idea

“A slew of Democrats on Capitol Hill” including Sens. Elizabeth Warren and Bernie Sanders have “proposed a 3% total annual tax on wealth exceeding $1 billion” and 2% on $50 million to $1 billion, The Hill reported on Monday, March 1, 2021. Read story here.    The aim of the[...]